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The latest crypto coverage from the TrustFinance editorial desk.
Bitcoin's price remained largely unchanged on Friday, hovering near $82,000 as a sell-off in technology stocks and rising oil prices weighed on investor sentiment. Despite strong weekly inflows into spot Bitcoin ETFs, the cryptocurrency struggled to break out of its recent trading range.
Bitcoin is trading just below $81,000, but significant on-chain activity, including large-scale whale withdrawals and movements into institutional wallets, is fueling analyst expectations for a potential rally toward $84,000.
Bitcoin steadied around the $80,400 mark on Sunday following a sharp weekend decline that triggered over $800 million in liquidations. Investors are now turning their attention to the U.S. Federal Reserve's upcoming interest rate decision.
Bitcoin's price fell below the key $80,000 level, triggering over $800 million in crypto liquidations as U.S. spot Bitcoin ETFs recorded their largest single-day outflow since June.
A recent 8% drop in Bitcoin is weighing on crypto-exposed stocks like MicroStrategy and SoFi Technologies ahead of key earnings reports, though some analysts are upgrading Coinbase on its diversification efforts.
Bitcoin saw minimal gains on Monday after a weekend sell-off, as investor sentiment in the broader cryptocurrency market remains subdued by high oil prices and the prospect of hawkish signals from major central banks.
Bitcoin is consolidating in a tight range, with technical analysis from Investing.com pointing to a critical support level at $80,500. A developing descending triangle pattern suggests a sharp price move is likely, with a breakdown potentially targeting $77,781.
The crypto travel platform is introducing a multiplier system that could increase its monthly AVA token buybacks to as much as four times the value of rewards earned by members, linking the token's supply directly to platform usage.
Bitcoin's price has fallen below all its major moving averages after breaking down from a key distribution range, with technical analysis pointing to immediate support at $79,277 and the risk of further declines.
